Advisor Alert: Our Attorneys Are Investigating Gleason Franklin Swassing III For Investment Fraud
Did You Lose Money Because of Frank Swassing?
Filed: November 29, 2023
Frank Swassing has been the subject of one (1) regulatory event and one (1) customer complaint. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.
Let’s begin our Patil Law Advisor Alert with a summary report on Gleason Franklin Swassing III.
Who Is Gleason Franklin Swassing III?
- Advisor Name: Gleason Franklin Swassing III
- Aliases: Frank Gleason Swassing, Frank Swassing
- CRD: 4060433
- Location: Pocatello, Idaho
- Current Employer: Currently Not Registered
- Previous Firms: LPL Financial LLC and Edward Jones
- Number of Known Customer Complaints: 1
- Number of Known Regulatory Events: 1
- Can Frank Swassing III Be Sued: Yes, in Private Arbitration
- Can Frank Swassing III’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $100,000
- Highest Settlement: Unknown
If you have suffered investment losses by Frank Swassing III, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining an investment fraud lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.
Customer Complaints Filed Against Frank Swassing For Broker Misconduct
As of this publication date, Frank Swassing III has been the subject of 1 regulatory event and 1 customer dispute. Let’s review them below.
In March 2021, Idaho Department of Finance initiated a regulatory action against or in reference to Frank Swassing III for engaging in an outside business activity/private securities transaction with two of his broker clients without prior written approval of his broker dealer firm. Swassing disclosed the prospective venture to his broker twice in 2005, but his requests to participate were “disapproved.” the venture agreement involved investing in unimproved land in NYE county, Nevada. The total purchase price of the property was $155,000 with the clients providing $150,000 of investment capital.
In December 2020, a complaint was filed against or in reference to Frank Swassing III by a customer of LPL Financial LLC alleging that Mr. Swassing III solicited purchase of shares in a joint venture for purchase of real estate in 2006, client requests refund of $100,000 purchase amount provided to advisor. Per the customer, he/she lost over $100,000 because of Mr. Swassing III’s actions.
How To File A Claim Against Frank Swassing III (previously with LPL Financial LLC and Edward Jones) To Get Your Money Back.
If you have questions about Frank Swassing III, LPL Financial LLC, Edward Jones, or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll-free at 1-800-950-6553.